Do regular auditing- There’s nothing better than good’ol auditing. Instead of investing time in making contingency plans, give time in preparing that such emergencies never hit. Head out yourself and check the stocks, spot the errors and make fixes accordingly. Do this at least once every month.

Sign up to e-commerce solution- Millions of online sellers leverage the powerful features of multi-channel e-commerce solutions. Whether you’re using Walmart Bigcommerce or Amazon, with their seamless integration, these solutions substantially cut back on errors. You get to manage all your inventories on a centralized platform, quickly and efficiently.

Pay attention on returns- The returned products can really bump the flow of inventory management, creating all sorts of confusions. So it is important that you pay more heed on the return goods, and make right adjustments in your stock levels (and finances).

These are 3 simple hacks to help you manage your inventory the right way. Be smart and keep your eyes open to the details.